China’s factories perk up, but weak consumption points to slow economic recovery By Reuters API China’s economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak and…
Lululemon launches U.S. resale program Canadian athleisure brand Lululemon announced on Tuesday plans to expand its first trade-in and resale program, across the U.S. Lululemon launches U.S. resale program. – Lululemon Dubbed ‘Like New’, the program will launch nationwide as…
Mango invests €100 million in US expansion Translated by Roberta HERRERA A grand store opening is marking the beginning of MangoGucciOmegaDolce & GabbanaFifth AvenueRalph LaurenColumbia Facade of Mango’s flagship store in New York – Mango “Being on Fifth Avenue has…
Uniqlo’s Japan monthly sales disappoint again Fast RetailingUniqlo Uniqlo On Monday, the company reported its monthly figures and said that March 2022 same-store sales — including online — fell by as much as 10.7% year on year last month. Meanwhile…
Abercrombie shares drop 30% as high costs dent margin forecast By Reuters Abercrombie & Fitch Decades-high inflation has pushed consumers to cut spending on discretionary goods such as apparel, while persistent supply chain issues, worsened by the war in Ukraine,…
Metaverse years from being global phenomenon, says pioneer By AFP Big brands are rushing to the metaverse but the path to profit is still unclear and mass adoption may be years away, one of the sector’s biggest players, Sebastien Borget,…
Allbirds reports record-breaking Q4 revenues, 2021 sales surge 27% Allbirds For the 12 months ending December 31, Allbirds saw revenues climb 27% toto $277.5 million compared to 2020, or 43% compared to 2019 – Allbirds San Francisco-based Allbirds said fourth-quarter…
EU unveils ‘sustainable’ fashion push By AFP The EU on Wednesday announced proposals to crack down on “fast fashion” by making clothing easier to repair and more durable as part of a push to bolster environmental standards. Photo: Shutterstock –…
Sri Lanka: default of twelfth-largest EU, USA apparel supplier Translated by Nicola Mira Sri Lanka, the EU and the USA’s twelfth largest apparel supplier, is defaulting. Shortages are increasingly widespread, as the country is only able to import fuel, foodstuffs…
Amber Valletta launches Karl Lagerfeld capsule, explains goals as brand sustainability ambassador Few fashion icons have an such impressive careers as Amber Valletta, runway superstar, multiple VogueKarl Lagerfeld An image from Valletta’s second campaign for the brand – Photo: Courtesy…
